14 July Watchlist 👀

by 14 Jul, 2020

SoftBank Cries “Sell, Sell, Sell!” and Canada Goose Thinks Outside the Box 

Softbank, home to billionaire Masayoshi Son’s ‘Vision Fund,’ has become the butt of a lot of investors’ jokes.

Masa Son has a 300-year investment horizon, he says, but the fund is fire-selling its stakes to stay above board amid both the Wirecard scandal, which it held a big stake in, pandemic shock, and also the WeWork failure.

It’s now looking to shed a huge $32 billion position, ARM Holdings, to raise funds for hundreds of struggling smaller positions. ARM Holdings is a semiconductor business like Analog and Maxim.

This adds further spice to that market niche as potential secret acquirers are in a bidding war, according to insiders. Is it Texas Instruments?

Meanwhile, over at Canada Goose, the puffer jacket producer is experimenting with an idea that could save its retail life.

Canada Goose has a store in Toronto with no coats to buy, just two ice-cold rooms with snow being spat out. It’s a real experience, and shoppers are flocking. They can get a sense of the coats in their element to understand why they’re worth the $1000+ price tag.

“This is a break from the insanity of the world today,” says the CEO. It’s also a break from the cookie-cutter bore of shopping mall outlets that are going extinct. Canada Goose is not closing stores, it’s opening them. Its shares are still down, but for long?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

 

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